Post Utme Wellspring University 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A bank reconciliations statement shows a difference of ₦15,000 between the bank statement balance and the cash book balance. The bank statement balance includes an outstanding cheque of ₦5,000 and a bank charge of ₦10,000. What is the correct explanation for the difference?

Answer Options

A. The bank has made an error in recording the outstanding cheque.
B. The bank has made an error in recording the bank charge.
Correct Answer C. The cash book has an error in recording the outstanding cheque.
D. The cash book has an error in recording the bank charge.
Correct Answer
C
Correct Option:
The cash book has an error in recording the outstanding cheque.

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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